Tips for Finding Self Storage in Lawrence, IN

Before beginning your self storage search in Lawrence, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Lawrence, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. The US Census keeps accurate data relating to all of these factors, so we've used their data on Lawrence to help inform your Lawrence self storage search.

Self Storage and Moving in Lawrence, IN

If there are many people moving to or from Lawrence, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Lawrence, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Lawrence metro area population grew from 46,060 to 47,550, a growth rate of 3.23% according to the US Census.

Real Estate and Self Storage in Lawrence, IN

One way to get an idea of the demand for housing and storage space in Lawrence is to look at housing occupancy and vacancy rates. If housing occupancy rates in Lawrence are high, it's probably safe to assume that storage facility occupancy rates in Lawrence are also high, which would push unit prices up. 8.5% of housing units in Lawrence are vacant according to the US Census, while 91.5% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Lawrence also have higher than average occupancy rates. High occupancy rates in Lawrence will make it more difficult to find a good deal on a storage unit.

There are 35 self storage units in Lawrence, IN in a 15 mile radius to choose from with over 35 units available for rent

Using $1.00/sqft as a national average, the average price for a self storage unit is $1.15. This is 14.99% higher with $0.15 net increase in cost per square foot. You'll be paying more in medium to large cities as storage prices are generally higher in densely populated areas.